Market Overview

As the trading day concluded on Monday, the US stock markets exhibited a predominantly positive trend. Investors were seen digesting the latest economic reports, which included insights into private sector activity and factory orders. This period of reflection led to a mixed yet optimistic close for the major indexes.

Disney's Strategic Announcement

In a significant corporate development, The Walt Disney Company announced a merger between its Hulu+ Live TV and FuboTV Inc. This strategic move sent Fubo's shares soaring, marking a remarkable 245% increase. The announcement has sparked discussions on the future of streaming services and their evolving business models.

Political Developments

On the political front, the US Congress has officially certified President-elect Donald Trump's victory in the 2024 election. This procedural milestone has been a focal point for political analysts and market watchers alike, considering its potential implications on future economic policies.

Market Performance

The Dow Jones Industrial Average remained relatively unchanged, showcasing the market's resilience amidst various economic and political developments. Conversely, the Nasdaq 100 saw a significant uptick, climbing by 1.09%, while the S&P 500 also enjoyed a modest rise of 0.55%.

Currency Movements

In the currency markets, the euro strengthened against the dollar, marking a 0.79% increase to $1.03872 by 3:58 pm ET. This movement reflects the ongoing dynamics in the global financial landscape, influenced by a myriad of factors including economic data releases and geopolitical events.

Stay tuned for more updates...